AVAX/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 9.45 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 10.01 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

10.01 – 9.89 – 9.57 – 9.45 – 9.26 – 9.26 —
9.850000000 – 9.790000000 —
53.990852688721 – 48.820319744323 —
– —
10.01 – 1776434400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –